by Lara | Feb 27, 2020 | S&P 500, S&P 500 + DJIA |
A new low below 3,027.98 invalidates an impulse unfolding upwards and suggests this big fifth wave may be an ending expanding diagonal. Diagonals are not as common as impulses in fifth wave positions, and so until an impulse is invalidated a diagonal should always be...
by Lara | Feb 4, 2020 | S&P 500, S&P 500 + DJIA |
A bounce was expected to continue higher for Tuesday, which is what has happened. How high this bounce goes may begin to indicate what Elliott wave structure may be unfolding. Summary: A pullback or consolidation is underway. It may continue now through to the end of...
by Lara | Feb 3, 2020 | S&P 500, S&P 500 + DJIA |
For the very short term, a small bounce within this consolidation was expected as most likely to begin on Monday. This is exactly what has happened. Summary: A pullback or consolidation is underway. It may continue now through to the end of this week and possibly a...
by Lara | Jan 9, 2020 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the target as expected. The main Elliott wave count remains bullish, at least for the short term. Summary: If price continues higher, then the next target is at 3,289. It is possible that minor wave 3 could be over. Some confidence...
by Lara | Jan 8, 2020 | S&P 500, S&P 500 + DJIA |
Yesterday’s main Elliott wave count expected upwards movement to continue. The target remains the same. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below 3,244.91. If price continues...
by Lara | Dec 11, 2019 | S&P 500, S&P 500 + DJIA |
A small range upwards day continues an expected consolidation. Summary: Minor wave 4 may continue for another two weeks or so and may continue to find support about 3,070. It may be a choppy overlapping consolidation. Thereafter, the upwards trend may resume. The next...
by Lara | Dec 10, 2019 | S&P 500, S&P 500 + DJIA |
Now two small range days in a row have moved price lower. This fits with the expectation of a consolidation to continue. Summary: Minor wave 4 may continue for another two weeks or so and may continue to find support about 3,070. It may be a choppy overlapping...
by Lara | Nov 18, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards targets as expected. Summary: Tomorrow may see a small pullback to about 3,107. Thereafter, the upwards trend should resume. The next target at 3,179 is where minor wave 4 may begin (expect it to be very shallow). Thereafter, the...
by Lara | Nov 15, 2019 | S&P 500, S&P 500 + DJIA |
Another strong upwards day continues price towards the Elliott wave target. Summary: The next target at 3,179 is where minor wave 4 may begin (expect it to be very shallow). Thereafter, the next target is at 3,302 and then 3,336. Three large pullbacks or...
